SCHEDULE I-SUMMARY OF INVESTMENTS-OTHER THAN INVESTMENTS IN RELATED PARTIES - 10K

12 Months Ended

Dec. 31, 2014

SCHEDULE I-SUMMARY OF INVESTMENTS-OTHER THAN INVESTMENTS IN RELATED PARTIES

SCHEDULE I-SUMMARY OF INVESTMENTS-OTHER THAN INVESTMENTS IN RELATED PARTIES

RLI CORP. AND SUBSIDIARIES

SCHEDULE I—SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS

IN RELATED PARTIES

December 31, 2014


Column A	Column B		Column C		Column D
					Amount at
(in thousands)					which shown in
Type of Investment	Cost (1)		Fair Value		the balance sheet
Fixed maturities:
Bonds:
Available-for-sale
U.S. Government	$	33,668	$	33,788	$	33,788
U.S. Agency		6,385		6,747		6,747
Non-U.S. Government & Agency		9,862		10,665		10,665
Mtge/ABS/CMBS*		390,337		399,772		399,772
Corporate		543,183		562,690		562,690
Municipal		464,769		481,425		481,425
Total available-for-sale	$	1,448,204	$	1,495,087	$	1,495,087
Held-to-maturity	$	—	$	—	$	—
Trading		—		—		—
Total fixed maturities	$	1,448,204	$	1,495,087	$	1,495,087

Equity securities, available-for-sale
Common stock
Ind Misc & all other	$	145,282	$	320,786	$	320,786
ETFs (Ind/misc)		48,253		89,856		89,856
Total equity securities	$	193,535	$	410,642	$	410,642
Cash & short-term investments	$	46,959	$	46,959	$	46,959
Other invested assets		11,597		11,597		11,597
Total investments and cash	$	1,700,295	$	1,964,285	$	1,964,285

*Mortgage-backed, asset-backed & commercial mortgage-backed

Note: See notes 1E and 2 of Notes to Consolidated Financial Statements. See also the accompanying report of independent registered public accounting firm on page 103 of this report.

(1)

Original cost of equity securities and, as to fixed maturities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts.

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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